thatdude |Live, Life|

Devoted father and hubs. God is my sufficiency. Take profits often.

[thatdude |Live, Life| @dcee_22]

Thankful for the ppl in this space like Fisk. I planned & executed poorly since Dec 2021. I have lost bigly and am riddled with anxiety and self-doubt at times.

[fiskantes ⭐️🩸 @Fiskantes]

Idk who needs to hear this but losing all your money is not the end of the world. Even losing more than you have. Don't do anything stupid.

I never shared this before but:

[DarkMiner @DarkMiner]

“I Will Teach You To Be Rich" by Ramit Sethi offers numerous insights into managing personal finances & living a rich life.

I read this book so you don’t have to.

Here are 10 takeaways from the book:

[Daren Yoong @darenyoong]

Tesla has 45,000 billboards worldwide. They’re called Superchargers. And now, competitors are paying @Tesla to send their customers to Tesla’s billboards and download the Tesla app, and also advertising it on Tesla’s behalf. $TSLA

Tesla Advertising Spend: $0

[Luke Hallard @7LukeHallard]

Being an investor for 19 years allowed me to 'semi-retire' in my forties to focus on managing my portfolio professionally.

My primary goal when making investments has always been to seek out high-quality companies well-positioned to serve society's needs and demands a year or ten years from now.

This strategy has served me well through good times and bad, and despite a painful drawdown in 2021/22, I've still yielded a 20.8% CAGR over my investing lifetime.

Every few years I undertake a full portfolio review to look for learnings and opportunities to improve my investment processes. This time around, I did it all right here on Twitter.

I've owned over 100 different stocks over the decades, but here's a recap of twenty of my most significant current and past positions, and how I've thought about each one at each stage of the investing journey.

[BowTiedBroke @BowTiedBroke]

Someone asked me to do my net worth by year so they could see my personal timeline of accumulation. Here you go:

‘74 - sperm/egg produce a spawn

‘98 - done w/college $0 net worth

‘99 - $25K

‘00 - $40K ——> $5K (tech bubble)

‘01 - $5K ——-> $2K (9/11 crash)

‘02 - $2K (out stocks, bought condo)

‘03 - $25K

‘04 - $35K (got married, bought house plus rental prop in South Florida)

‘05 - $45K (bought another rental)

‘06 - $300K (rentals 🚀 , EBay biz)

‘07 - $400K

‘08 - $250K (cracks in rentals)

‘09 - $25K (lost rentals to foreclosure, did some DIL’s and had to give banks a check for negotiated amount for DIL)

‘10 - $75K - (Various job promotions, side hustle EBay doing well)

‘11 - $120K

‘12 - $140K

‘13 - $200K - (started buying “divi” type stocks, but Oil and Gas MLP’s, chasing yield)

‘14 - $150K - (lost $150K in MLP’s, sold with carryover massive carryover loss.
eBay —-> Amazon, takes off)

‘15 - $600K (More corporate promotions/stock grants/Amazon crushing it)

‘16 - $1.7 million (Stock grants/Amazon)

‘17 - $650K - divorce 🤷‍♂️

‘18 - $900K - Corporate $ & Amazon

‘19 - $1.3 mil - Corp/Amazon/Bought a STR in smoky mountains

‘20 - $3 mil - Corp/Amazon/bought 7 STR’s in smokies when people were dumping at onset of Covid. Met a guy and we started building as well. I was money man, he was GC.

‘21 - $6 mil - Corp/Amazon huge now/STR’s cranking/Building doing well. Quit corporate

‘22 - $10+ mil - Building development/Land/sold all STR’s (except 1) for massive profit. Bought 8 CAT Machines to clear my own lots/land but it morphed into excavation company. Started with only 3 used CATS (299, 304 and 308). Added more as we got more business.

‘23 - way over $10 mil. Much more conservative as I’ve aged and have learned to take the money and run on occasion. T-bills, boring land, municipal, moderate development/building, major Amazon.

So there you have it. As you can see, the path is NEVER a straight line and sometimes LIFE happens. And yes, I still smoke a swisher sweet on occasion and throw back some fireball.

[John Reed Stark @JohnReedStark]

Get out of crypto platforms now, I can't say it any plainer. Having worked as an attorney in the SEC Enforcement Division for almost 20 years (including 11 years as Chief of the SEC Office of Internet Enforcement), I believe that we now know for certain that crypto trading platforms are under a U.S. regulatory/law enforcement siege which has only just begun.

And before you chop my head off with vitriol, ad hominems and OK Boomerisms, please allow me to explain the situation with only facts and research.

And before you label me a bureaucratic, washed-up SEC shill, please bear in mind that while I may indeed be washed up (!), I am typically an outspoken and dedicated SEC critic (see, e.g., https://t.co/nQNa5JBiJN). I also have no stake of any kind in the cryptoverse. I am 100% objective, independent and neutral. Just seeking truth, always.

My take is that the SEC is spot-on with their crypto-related enforcement efforts. No matter what the carnival barkers promise, it is axiomatic that crypto trading platforms are high-risk, perilous and inherently unsafe. Please read on to understand my reasoning.

Why A Lack of SEC Registration Matters

U.S. SEC registration of financial firms: (1) mandates that investor funds and securities be handled appropriately without conflicts of interest; (2) ensures that investors understand the risks involved in purchasing the often illiquid and speculative securities that are traded on a cryptocurrency platform; (3) makes buyers aware of the last prices on securities traded over a cryptocurrency platform; and (4) provides adequate disclosures regarding their trading policies, practices and procedures.

Overall, entities providing financial services must carefully handle access to, and control of, investor funds, and provide all users with adequate protection and fortification.

With traditional SEC-registered financial firms, the SEC has unlimited and instantaneous visibility into every aspect of operations. With crypto trading platforms, the SEC lacks any sort of oversight and access — and has scant ability to detect, investigate and deter fraudulent conduct. As a result, the crypto marketplace operates without much supervision, lacking:

--The hallmarks of the traditional transparent surveillance program of a financial firm like an SEC-registered broker-dealer or investment adviser, so the SEC cannot analyze or verify market trading and clearing activity, customer identities and other critical data for risk and fraud;

--SEC and/or Financial Industry Regulatory Authority licensure of individuals involved in crypto trading, operation, promotion, etc., so the SEC cannot detect individual misconduct and enforce violations; -Traditional accountability structures and fiduciaries of financial firms, so the SEC cannot ensure that every customer's interest is protected and held sacrosanct; and

--The compliance systems, personnel and infrastructure, so the SEC cannot know where crypto came from or who holds most of it; and -The verification and investigatory routine and for cause SEC or FINRA examinations, inspections and audits, so the SEC and FINRA cannot patrol, supervise or verify critical customer protections and compliance mechanisms.

What the Crypto Regulatory Vacuum Means

For customers of digital asset platforms like most so-called crypto exchanges, there is not just a gap in customer protections, but a chasm. For example unlike SEC-registered financial firms, crypto trading platforms have:

-No record-keeping and archiving requirements with respect to operations, communications, trading or any other aspect of business;

-No requirements regarding the pricing or order flow of transactions or the use internal platforms and payment systems by employees;

-No reason to abide by U.S. statutes and rules prohibiting manipulation, insider trading, trading ahead of customers and other fraudulent behavior by customers or employees;

-No mandated cybersecurity requirements or standards to combat online attackers and protect customer privacy;

-No requirement to establish mandated training or code of conduct requirements;

-No obligation to have in place internal compliance, customer service and whistleblower teams to address and archive customer complaints;

-No requirement to reverse charges if any dispute or problem arises;

-No mandated robust and documented processes for the redress and management of customer complaints (N.B. that and even if there was a formal complaint filing structure in a digital asset trading platform, the pseudo-anonymous nature of virtual currencies, ease of cross-border and interstate transport, and the lack of a formal banking edifice creates enormous challenges for law enforcement to investigate and apprehend any individuals who use cryptocurrencies for illegal activities);

-No obligation to follow publicly disseminated national best bid and offer and other related best execution requirements;

-No minimum financial standards for operation, liquidity, and net capital; -No U.S. governmental team of objective auditors and examiners to inspect and scrutinize the fairness, execution and transparency of transactions;

-No requirement to ensure consistency of trading operations i.e. that the trading protocols used, which determine how orders interact and execute, and access to a platform's trading services, are the same for all users; and

-No obligation to design ethics and compliance codes for Wall Street entities (regardless of registration status) which would ban their employees from investing in cryptocurrency or NFT investments based on the same arguments as the ban of initial public offerings and options – i.e. that they are too risky and may tempt an employee to steal if not prohibitive.

It's all straight-forward and commonsensical. SEC registration establishes critical requirements that protect investors from individual risk and protect capital markets from global systemic risk. The requirements also make U.S. markets among the safest, most robust, most vibrant and most desirable marketplaces in the world.

Thanks for reading. With my blessing (and nothing but love for you), please feel free to launch the hate. Full Stop.

https://t.co/Vw189HSabN

[Nancy Pelosi Stock Tracker ♟ @pelositracker]

In the last week, Four members of congress filed over $12 million dollars worth of trades

Dan Goldman: $9,650,000
Kathy Manning: $890,000
Scott Franklin: $420,000
Lois Frankel: $136,000

The yearly salary of a politician: $174,000

Here are some of the notable trades they made

[Joshua Browder @Joshuabrowder]

I decided to outsource my entire personal financial life to GPT-4 (via the @donotpay chat we are building).

I gave AutoGPT access to my bank, financial statements, credit report, and email.

Here’s how it’s going so far (+$217.85) and the strange ways it’s saving money. (1/n):

[thatdude |Live, Life| @dcee_22]

@fattybagz 420

[thatdude |Live, Life| @dcee_22]

@nationalcares it’s Easter Sunday & my car is dead. Decided to rent from the Albany International Airport and bc I don’t have a credit card, I cannot get a car. I even offered $1000 hold. This is not right. I have rented with you for years.

[Sawyer Merritt @SawyerMerritt]

NEWS: Tesla has released their Q4 2022 safety report.

"In the 4th quarter, we recorded one crash for every 4.85 million miles driven in which drivers were using Autopilot technology. For drivers who were not using Autopilot technology, we recorded one crash for every 1.40 million miles driven. By comparison, the most recent data available from NHTSA and FHWA (from 2021) shows that in the US there was an automobile crash approximately every 652,000 miles."

[Elon Musk @elonmusk]

Chansley got 4 years in prison for a non-violent, police-escorted tour!?

Dave Chapelle was violently assaulted on stage by a guy with a knife. That guy got a $3000 fine & no prison time.

[Collin Rugg @CollinRugg]

BREAKING: Matt Taibbi refuses to reveal his sources after Democrats try to intimidate him over the Twitter Files.

Taibbi is an American hero 🇺🇸

[Not Jerome Powell @alifarhat79]

The Fed trying to fix the economy

[Louround 🥂 @Louround_]

I lost 90% of my net worth due to greed during the last bull run.

1.5 years later I am sitting at portfolio ATH.

Let me share with you 5 tips I wish I would have known back then 🥂

[smolting (wassie, verse) @inversebrah]

results in

[Inverse Cramer @CramerTracker]

Tesla is already up 66% since Jim said it wasn't a buy

[thatdude |Live, Life| @dcee_22]

@joshmanmode_ Josh’s nemesis that day

[Avi Yemini @OzraeliAvi]

This video has now been BANNED on Facebook, Instagram and YouTube.

The WEF wants it scrubbed, and their lackeys are happy to oblige.

Thank you @elonmusk for not caving.

7.3M views and counting.

The public want answers.

MORE: https://t.co/uvbDgOk19N

[Crypto And Aliens @CryptoAndAliens]

🧵A thread on the ponzinomics of

@Dopex_io $DPX $rDPX

[Dopex Intern (💎,💎) @dopex_intern]

rest in peace our beloved @DiamondPepes CEO